Gold Resource (NYSE:GORO) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Gold Resource (NYSE:GORO) in a report released on Thursday. The firm set a “hold” rating on the stock.

Gold Resource Trading Up 0.5 %

NYSE GORO opened at $0.35 on Thursday. The company has a market cap of $33.54 million, a price-to-earnings ratio of -0.72 and a beta of 1.53. The company has a 50 day moving average of $0.29 and a 200-day moving average of $0.30. Gold Resource has a 1-year low of $0.12 and a 1-year high of $0.71.

Institutional Trading of Gold Resource

An institutional investor recently raised its position in Gold Resource stock. Jane Street Group LLC boosted its position in shares of Gold Resource Co. (NYSE:GORO) by 669.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,903 shares of the company’s stock after buying an additional 155,664 shares during the period. Jane Street Group LLC owned approximately 0.19% of Gold Resource worth $41,000 at the end of the most recent quarter. Institutional investors and hedge funds own 18.38% of the company’s stock.

Gold Resource Company Profile

Gold Resource Corporation engages in the exploration, development, and production of gold and silver projects in Mexico and the United States. The company also explores for copper, lead, and zinc deposits. Its principal assets are the 100% owned Don David gold mine and Back Forty project covering approximately 1,304 hectares located in Menominee county, Michigan.